BOB launches women and senior citizen-centric products

Bank of Baroda, launched two new savings schemes for women. Baroda Mahila Shakti savings account and Baroda Senior Citizen Privilege savings account was launched by PS Jayakumar, managing director and SL Jain, executive director.On the same day the bank also introduced Baroda Samriddhi Deposit Scheme- a fixed deposit product for 444 days offering high interest rates of 7.15 per cent. However, senior citizens will get benefit of additional interest rate of 0.50% on deposit under captioned scheme.

On this occasion, Jain, said that special benefits and privileges such as discounts on lockers rentals, waivers in loan processing charges and premium variants of debit card to name a few have been bundled in the products developed for women and senior citizens.